Housing Wire
JULY 26, 2023
United Wholesale Mortgage (UWM), the country’s largest wholesale lender, expanded its debt service coverage ratio (DSCR) loan options to four after launching its first product in March. Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.
Sacramento Appraisal Blog
JULY 26, 2023
It’s either hot or cold. A bidding war or crickets. That’s what I’ve been hearing from real estate agents about their listings. Today I want to talk briefly about the word on the street, hot pockets, and I have some really cool stats to share. Skim quickly or digest slowly by topic. UPCOMING (PUBLIC) SPEAKING […] The post It’s either a bidding war or crickets first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Real Estate News
JULY 26, 2023
Realtracs CEO Stuart White believes the MLS landscape could look very different in a post-"cooperation and compensation" future.
George Dell
JULY 26, 2023
Is USPAP biased? (Appraisal Foundation, Uniform Standards of Professional Appraisal Practice) Is this possible? It can’t be! This part 8 of a multipart look at issues in valuation standards. Editor’s Note: This is Standards, part 3.8 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Let’s […] The post Does USPAP Enable Bias?
Speaker: Timothy Allsopp
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Housing Wire
JULY 28, 2023
High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% from a year earlier and up more than 45% from before the pandemic.
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Real Estate News
JULY 22, 2023
Dava Davin, whose firm did nearly $860M in sales volume in the past 12 months, believes a philosophy of altruism has helped her win clients — and agents.
Inman
JULY 28, 2023
Bryan Knisley previously ran his own brokerage and completed stints at RE/MAX and Keller Williams. He's bringing 27 agents with him to eXp, according to the company.
Housing Wire
JULY 26, 2023
The Federal Reserve (Fed) raised the federal funds rate 25 basis points to the 5.25 to 5.5% range on Wednesday, its highest level in 22 years. While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. For the housing market, that likely means a few more months with mortgage rates above 6%.
The Appraiser Coach
JULY 25, 2023
When the pandemic hit us full force in 2020, business skyrocketed. We had never been busier! If I had tried to do everything the same way I.
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Real Estate News
JULY 25, 2023
The Case-Shiller index for May shows steady home price growth since January and a slight dip compared to this time last year.
Inman
JULY 27, 2023
Former Keller Williams CEO Chris Heller previously served as OJO's chief real estate officer. Jerimiah Taylor, formerly a vice president at OJO, will step into Heller's previous role, the company said.
Housing Wire
JULY 27, 2023
When you think about a real estate team , you automatically think they must be more productive than individual agents, right? Not so fast. Clearly, over the last decade, teams have grown far faster than individual agents in terms of closed transactions. This is not unexpected, as teams have the ability to scale their business far easier and faster than an individual agent.
Appraiserblogs
JULY 28, 2023
File the complaint against the AMC yourself OR Forward the engagement letter to VaCAP to file on your behalf. At the recent Virginia Appraisal Board Meeting on Wednesday June 28th, a discussion occurred about Appraisal Management Companies prohibiting appraisers from including their invoices with the appraisal report. The overall consensus of the Board Members was this practice could be a violation of Virginia Appraisal Management Company Statute § 54.1-2022 B.
Real Estate News
JULY 22, 2023
Livian, the KW-affiliated teams platform, names a new president; longtime Century 21 exec moves to eXp.
Inman
JULY 27, 2023
With 30 years of experience at some of the world's most recognizable brands, the newly-minted Better Homes and Gardens Real Estate president spoke to Inman about settling into her new role.
Housing Wire
JULY 28, 2023
Outsiders to the real estate industry may assume that the tight market has real estate agents hanging up their hats. In reality, today’s agents are seizing the market and feeling confident. Real estate agents are still confident in the industry and the market. Even as the housing market comes down from its COVID-19 pandemic highs, there are houses to be sold and deals to be made.
Eyes on Housing
JULY 25, 2023
Higher interest rates have led millions of existing homeowners with mortgages under 4% to postpone plans to list their homes for sale, and for many prospective buyers, that supply vacuum has left newly built homes as the only game in town. That is the backdrop behind the strengthening of interest for new homes.
Real Estate News
JULY 26, 2023
Prices also fell slightly, nearly closing the gap between new and existing home prices.
Inman
JULY 28, 2023
The suit accuses now ex-CEO Mike Mercurio of using association credit cards for personal purchases, inflating his vacation time and selling items that the association paid for on eBay.
Housing Wire
JULY 24, 2023
Doug Danzey describes himself as a natural trainer and mentor. So when he found himself helping more and more new agents, he decided to fold his mentorship work into his real estate business, and thus The Cobalt Group was born. “I saw the direction things were going in and I thought that it only made sense for me to form a team and get paid for the work I was doing,” Danzey, whose team is brokered at eXp Realty , said.
Eyes on Housing
JULY 24, 2023
Mortgage rates’ slow –but steady– march upwards combined with the return of home price gains are doing what they are predicted to: slow housing demand. According to the latest Housing Trends Report, the share of adults with plans to purchase a home within a year dropped to 15% in the second quarter of 2023, down from a record high of.
Real Estate News
JULY 28, 2023
Nashville tops the list of cities with "just right" homes with ample square footage and big yards near urban centers.
Inman
JULY 27, 2023
Meet the expert speakers joining us at Inman Connect who specialize in customer experience, branding and marketing strategies for real estate.
Housing Wire
JULY 23, 2023
The slow rise of housing inventory this year has made the existing home sales market savagely unhealthy again. However, last week was good; we had less inventory growth than I would like to see, but it’s better than the past few weeks. Mortgage rates rose again and purchase apps saw a mild decline week to week. Weekly active listings rose by 8,815 Mortgage rates rose from 6.89 % to 7% before ending the week at 6.98% Purchase apps were down 1% from week to week Weekly housing inventory It has bee
Appraiserblogs
JULY 26, 2023
Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports. Here is the Link to the Bulletin. We need to step back for a moment and carefully analyze and consider why that was done, and what it means to appraisers.
Real Estate News
JULY 28, 2023
The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?
Inman
JULY 27, 2023
Are you ready to do what it takes to build the real estate business of your dreams? Jimmy Burgess offers advice to help you stand out.
Housing Wire
JULY 26, 2023
Editor’s note: For 15 years, our HousingWire mission has been Moving Markets Forward. Our content is tightly focused on news and information that housing professionals need to grow their business and thrive in a constantly changing market. But in a time where housing affordability is at a new low, the struggle for a growing number of people is not in buying a home, but just in affording to rent.
Eyes on Housing
JULY 28, 2023
After a reprieve in the first quarter of 2023, buyers’ outlook for housing affordability turned bleaker again in the second quarter. According to the latest Housing Trends Report, 76% of buyers are able to afford less than half the homes for-sale in their markets, up from 73% in the first quarter of 2023. On the flip side, the share able.
Real Estate News
JULY 24, 2023
After heating way up over the past few years, prices and inventory in two of the most populous states are showing signs of stabilizing.
Inman
JULY 27, 2023
With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction.
Housing Wire
JULY 27, 2023
After a year’s worth of warnings about a recession, Federal Reserve chair Jerome Powell said Wednesday that the central bank’s staff no longer forecasts a nationwide economic downturn. It’s welcome news for the economy to achieve a soft landing, a scenario in which inflation falls, unemployment remains relatively low and a recession is avoided.
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